30+ Acres For Sale- Potential Development in Knoxville

Vacant Land for Sale
Catylist Listing ID: 30845847
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 30.43 Acres
Sale Price: $1,750,000
Unit Price: $57,509 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2023

Overview / Comments

This 30+ ACRES is prime for development in a rapidly growing area - just 5 minutes from Knoxville's South Waterfront and 7 minutes from the University of Tennessee and Downtown Knoxville! This area is just on the cusp of major growth and most certainly will experience an influx of opportunities for developers, renters, owners, and the community. The City of Knoxville 2023 One Year Plan shows mid-density, public parks, and open space around the subject property. It is currently in the low density subdivision sector, but it is possible to rezone as it was zoned for higher density previously. Topography is nice for building with mostly level and gentle slope as this property stretches from Delrose Drive to Brooks Ave at the rear of property. Seller would consider partnering with a developer/investor. Property is currently wooded; there is a 10x20 cleared section to pull off at commercial signage.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 082MC037

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,749 52,829 126,073
Median Age: 39.85 36.63 35.21
Households: 2,380 23,071 52,864
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